Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below] The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost Inventories Raw materials Beginning of period $41,000 End of Period 3.45,000 Work in process 9,600 19,000 Finished goods 65,000 34, 300 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used $ 180,000 100,000 14,000 Indirect labor used Other overhead costs 23,000 115,000 Exercise 2-12 (Algo) Computing materials, labor, overhead, and cost of goods manufactured LO P1, P2, P3, P4 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory Taccount, insert amounts for beginning and ending balances along with direct materials used (from part direct labor used (from part 2, and applied overhead. Solve for cost of goods manufactured in the period 4. In the Finished Goods Inventory Taccount, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapplied overhead 5. In the Factory Overhead Taccount, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapolied or overapplied overhead Complete this question by entering your answers in the tabs below. Required 134 and 51 Required 2 1. In the Raw Materials Inventory Taccount, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the peric 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the per under or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied over Beginning Raw Materials twentory Beginning Beginning Work Process inventory Beginning manufactured (from part 3). Solve for cost of goods sold in 3. In the Factory Overhead T-account, Insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. Complete this question by entering your answers in the tabs below. Required 134 Required 2 and 5 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the peric 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the pem under or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied oven Beginning Raw Materials Inventory Beginning Beginning Work in Process Inventory Beginning Ending Ending Ending Ending Finished Goods inventory Factory Overhead Beginning Beginning Beginning Beginning Ending Ending 14.000 23.000 115.000 152,000 Required 2 >>